Tuesday, July 18, 2017
As an experienced New Jersey Divorce Lawyer I am often asked about prorated division of the party’s income. Certain times the amount of money the parties make, if one party makes 70% of the total income of the marriage and the other party makes 30%, sometimes assets are divided in accords with what we would say prorated division of the parties’ income. That’s another way that equitable distribution is arrived at by the court or by settlement of the parties. Many times the parties settle their case, and these divisions don’t end up at 50/50 for the reasons we’re talking about.
Are you wondering how your income is going to be prorated? If so, contact the experienced New Jersey Divorce Lawyer Salvatore Simeone.